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How does consolidating your student loans hurt you in the end?

Feb 14

Mark SingleyStudent Loans Q&A aftermath, amp, bad idea, beneficial, disability, dreams, fixed income, hurricane katrina, interest rates, Student Loans Q&A 3 Comments

That’s what many people tell me. Some say it’s beneficial, & others say it’s harmful & raises your interest rates. Because of Hurricane Katrina, I had to get student loans, going to 3 different schools (of course, during the period of the aftermath). I’m on a fixed income (disability), trying to improve my life. I don’t want to discharge my loans. I feel like I didn’t go to college for nothing, & I feel it’s MY duty to pay the loans back. I want to fulfill the dreams of my career, despite my disability. So is it a good or bad idea to consolidate, & how do I do it?

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